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Debate House Prices
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Budget 2013 live....
Comments
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HAMISH_MCTAVISH wrote: »That game has been over for several years....
But this will engineer the start of the next boom in prices in time for the next election, by enabling many more people to buy. Which will then enable many more houses to be built. And create a virtuous cycle of positive economic growth.
Game on.
Hmm well I hope you're right.
I'm a minute or two behind on iplayer, but so far no criticism of any of the budget measures from Miliband. It's all well and good going on about deficits/debt etc but I'm not sure that's what people are bothered about.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
HAMISH_MCTAVISH wrote: »But this will engineer the start of the next boom in prices in time for the next election, by enabling many more people to buy. Which will then enable many more houses to be built. And create a virtuous cycle of positive economic growth.
Game on.
It will probably engineer the next boom yes.
I mean, think about it. Were printing the cash for funding for lending, and then guarenteeing high value loans.
This is about as far away as we can get now from reality.
However, the plan is obviously to reduce the number of homes built. 15,000 is lower than any number I've yet heard. I don't think this will in any way increase house building, no one is interested in that.
I don't know what this will do. it's likely to increase prices somewhat. But it's also likely to lead to massive problems down the line. If you are printing the money and then guarenteeing the money on top of printing it.....well, that's something I don't think we yet have history on is it? What really is the point of the bank?
Helps some of us today I guess....but I dread to think what this could cost my son in twenty years time
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Thankfully, the BBC seem to have gone straight to the liability concern for the taxpayer. They are stating theres no real reason now for the banks to be careful of who they lend to, which puts us all at risk.0
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Home owners for the win!0
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HAMISH_MCTAVISH wrote: »Help families who want to mortgage for any home.
New mortgage guarantee, available to all homeowners, using governmet balance sheet to back highr LTV mortgages.
Will dramatically increase availability.
Guarantees to support £130bn in mortgages!!!
Wowser! This budget was supposed to be boring.
Let the groin thrusting begin!
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I am the unluckiest person ever usually! But I think I may have accidentally been lucky. We are waiting to exchange and complete on our first home... Looks like inadvertently we chose the right time to buy!0
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Graham_Devon wrote: »Thankfully, the BBC seem to have gone straight to the liability concern for the taxpayer. They are stating theres no real reason now for the banks to be careful of who they lend to, which puts us all at risk.
Fannie Mae and fFreddie Mac being cited."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Hmm well I hope you're right.
I'm a minute or two behind on iplayer, but so far no criticism of any of the budget measures from Miliband. It's all well and good going on about deficits/debt etc but I'm not sure that's what people are bothered about.
Why be bothered by debt nobody but the prudent gets punsihed for running it up."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Graham_Devon wrote: »Thankfully, the BBC seem to have gone straight to the liability concern for the taxpayer. They are stating theres no real reason now for the banks to be careful of who they lend to, which puts us all at risk.
Rubbish.
Total liability is only 12 bn, and that's if 100% of people default.
If the default rate remains at 1%, then total liability over the two years of the programme is just £12 million.
Which is just a few minutes of total government spending......“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Could this have any effect on rents?0
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